Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

  • TyCom Announces Stock Buy Back
Mar 2001
PEMBROKE, Bermuda, March 6 -- Undersea fiber optic cable network supplier TyCom Ltd. said it plans to buy back up to $500 million of its stock. TyCom, a unit of Tyco International, has 520.4 million shares outstanding, of which 14 percent, or about 73 million, are publicly traded. TyCom said the timing and amount of the stock repurchases, intended to enhance shareholder value, would be subject to market conditions and other factors.
    Earlier, the company said it entered into a $1.25 billion deal with India's DishnetDSL Ltd. to build an undersea fiber optic network between India and Guam that will connect to the United States, providing broadband communications.

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.